new Delhi: If you are planning to open a fixed deposit in the bank, then there is good news for you. The stock market is falling continuously due to the Russia-Ukraine conflict. Hence, fixed deposits are the best option to invest. With FDs, there is a fixed interest and the benefit of money guarantee.
7% Interest Benefit:
Before Holi, many banks including SBI, ICICI Bank, HDFC Bank have increased interest rates. Banks are giving the benefit of 7% interest only on FD of 3 years.
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The new rates have come into effect from March 10.
Sunrise Small Finance Bank has also changed the interest rates of fixed deposits. The bank is currently giving the benefit of 7% interest to the customers on FD of 3 years. The new rates of the bank came into effect from March 10. Apart from this, senior citizens get an additional benefit of 0.50 percent interest. That is, senior citizens are getting the benefit of interest at the rate of 7.50 percent.
How much interest are you getting?
Sunrise Small Finance Bank is offering customers the option of FD ranging from 7 days to 10 years. The bank is currently giving interest ranging from 3.25 percent to 7 percent to the customers.
Check how much interest you are getting
- 7 to 45 days – 3.25%
- 46 to 90 days – 4.25%
- 91 days to 6 months – 4.75%
- 6 months to 9 months – 5.25%
- FDs from 9 months to less than one year – 5.75%
- 1 year to 1.5 years – 6.50%
- 1 year 6 months to 2 years – 6.50%
- On FDs of 2 years to less than 3 years – 6.25%
- FD of 3 years – 7%
- FD of 3 to 5 years – 6.50%
- 5 years – 6.75%
- 5 years to 10 years – 6%